Swisscom AG

SCMN: XSWX (CHE)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Swisscom Earnings: Cost Discipline Keeps Offsetting Revenue Pressure; Shares Look Rich

Javier Correonero

Feb 12, 2026

Swisscom delivered on its 2025 outlook, reporting CHF 15.05 billion in sales and CHF 5.0 billion in EBITDAal. Management guidance is for revenue of CHF 14.7 billion-CHF 14.9 billion and EBITDAaL of CHF 5.0 billion-CHF 5.1 billion in 2026, implying a 1.7% revenue decline and flat EBITDAaL growth.

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Swisscom AG

Swisscom Earnings: Cost Discipline Keeps Offsetting Revenue Pressure; Shares Look Rich

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